Listed by Sands Investment Group
$3,775,000
Shoppes at River Station (Bldg C) - Atlanta, GA
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 19,435
Units 8
Cap Rate 7.16%
NOI $270,115
Occupancy 90%
Tenancy Multi
Brand/Tenant Beauty Trap, China one
Lease Type NNN
Remaining Term 2
Rent Bumps No
Lease Options Varies
Price per SqFt $194
Broker Co-Op Yes
Year Built 2010
Year Renovated 2023
Buildings 1
Acreage 6.150
Zoning PUD
Parking Spaces 100 spaces
Parking Per SqFt 5.15
Investment Type Net Lease
Ground Lease No
Multi tenant retail center - 90% occupancy
Marketing description
Shoppes at River Station is a well-maintained, multi-tenant retail strip center built in 2010 and totaling 19,435 SF. Situated on a 6.15-acre lot, the property is 90% occupied and offers stable in-place cash flow within a strong neighborhood retail setting. The asset is offered at 7.16% CAP rate with Triple Net (NNN) Leases in place, providing predictable income, limited landlord responsibilities, and long-term investment stability.
Investment highlights
- Positioned on more than 6 acres with the ability to develop 20,000 to 30,000 SF of additional outparcel space.
- Opportunity to subdivide the larger suite into 4-6 separate units, creating flexibility and the potential to increase NOI significantly.
- Attractive basis at $194 PSF, well below today’s replacement cost.
- Built in 4% annual rent escalations across all tenants, driving consistent year over year income growth.
- Triple Net (NNN) Lease structure with minimal landlord responsibilities, providing a streamlined ownership experience. Solid lease term remaining of 2 to 3 years, offering near-term income stability.
- Roof, HVAC systems, and parking lot are all in excellent condition with no deferred maintenance.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,115.08
$22,509.59/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
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